WELLESLEY, Mass., Oct. 12, 2017 (GLOBE NEWSWIRE) — Led by development in the Asia-Pacific, Latin American and Middle East regions, the prebiotic market is expecting significant growth, at a compound annual growth rate (CAGR) of 11.1% forecast between 2017 and 2022, according to an industry report by BCC Research. In North America and Europe, market saturation and product maturity mean growth will be slower but still brisk, with annual expansion through 2022 at 9.4% and 10.8% respectively.
Prebiotics are food ingredients derived from plant and vegetable fibers and from lactose. Prebiotic materials promote or induce the growth of enzyme-producing bacteria and microorganisms required for body functions.
The global prebiotics market was valued at $3.2 billion in 2016 and is expected to increase to $5.9 billion by 2022, according to the report Prebiotics: Ingredients, Applications and Global Markets. Europe accounted for 49.9% of the global prebiotic market in 2016, with demand valued at $660 million.
- The food and beverage industry dominates the global prebiotic market; by 2022 the food and beverage segment could top $3.5 billion.
- Prebiotics aimed at gut health, weight management and bone health will lead the market, with annual growth rates in those segments in excess of 10.7%.
- Growth rates in the Asia-Pacific region are estimated to be in the double digits. However, Europe will still lead the global market in terms of volume.
“The prebiotic market in the U.S. and Canada is verging on reaching maturity, which is due to the steady supply of nutritional products over demand and stagnant growth in the food processing industry,” said Kevin Fitzgerald, BCC Research editorial director.
Limits on Growth Include Government Regulations and Varying Market Characteristics
Globally, growth of the prebiotics market depends on acceptance of dietary supplements among consumers, raw material price volatility and product innovation. Government regulations on human health and nutrition will likely be a key external force that will shape the future of the market. Sudden changes in export-import policies for prebiotics products in developed countries may also impact the market’s future growth potential.
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About BCC Research
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